The rate of earnings is 6% and the cash to be received in 4 years is $54,159. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points). Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 a.$36,990.60 b.$34,445.12 c.$42,893.93 d.$45,493.56

The rate of earnings is 6% and the cash to be received in 4 years is $54,159. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points). Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 a.$36,990.60 b.$34,445.12 c.$42,893.93 d.$45,493.56

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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